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Thursday, 11 October 12
DRY BULK MARKET STEADY AFTER CHINESE HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market hasn't yet staged a solid rebound after last week's holidays in China, as many would have expected. Indeed, many analysts were anticipating elevated purchases of iron ore from Chinese buyers, but up until today, this hasn't yet been the case. In fact, as the latest Chinese reports have indicated, iron ore stockpiles at the country's major ports, continue to be in rather high levels. The only potential "game changer" at this moment could be the fact that some Chinese will be willing to take advantage of the low iron ore prices and stockpile more raw material.
As a result, the BDI (Baltic Dry Index), the industry's main benchmark has remained virtually unchanged, as was the case in yesterday's session, which saw the index stable at 875 points. The Baltic Capesize Index was down by 54 points to 1,775 points yesterday, as a result of lower demand for Capesizes, which are mainly used to haul iron ore and coal to China. By constrast, the Panamax market, which has been suffering in the past month or so, managed to stage a rise, with the Baltic Panamax Index (BPI) rising by 72 points to 784. Smaller dry bulk carriers remained steady yesterday.
According to the latest report from shipbroker Fearnleys, commenting on the Capesize markets this week, it said that "hikes in this segment have proved to be short-lived this year, and the past week seems to fit well into the pattern. Spot, period and paper levels are all sliding on lower fronthaul activity combined with increased Chinese tonnage supply following holidays. After peaking at a 9-months´ high of close to USD 11300, average daily return has so far come off some 13% in 3 days.
handful of proactive owners have made good use of the pre-peak sentiment and secured period coverage before levels again dropped substantially - notable fixtures include 180k dwt/blt 2010 delivering China prompt for 10-14 months at USD 12k and 170k dwt/blt 1999 done for 5-7 months at USD 10750 with same delivery. More spikes are expected during Q4, but fundamentals do not indicate neither long-lasting nor dramatic improvements" Fearnleys said.
On the Panamax front, the shipbroker's report added that "we have now experienced several weeks of downward pointing curves in both hemispheres, but this week we finally experienced some positiveness. Since last week rates has firmed for all trades. Atlantic round market which has hovered around USD 500 daily has now climbed to a level of around USD 5-6k depending on delivery. The fronthauls with delivery Continent are today being fixed in region of USD 18k compared to the 12k being achieved last week. We see more coal cargos in the Atlantic and fresh grain cargos fuelling the increasing market. In the Pacific we see rounds being fixed at around USD 6-6.5k + a ballast bonus. The period market has also experienced some increase in rates much supported by the FFA values also increasing" the report mentioned.
Finally, in the Handy market front, Fearnleys said that "the Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Continent to East Med were around USD 14k and Black Sea to FEast about USD 15k. USG-Skaw-Passero rates are around USD 11k and rates for USG-FEast about USD 18k. The Pacific market remained stable with rates mostly unchanged. For Indo-India, large eco Supra now fixed at USD 10k for dely Singapore. Nopac also fixed bss APS at USD 8k + BB 325k. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 5k and ECI-China around USD 4k. RBCT rv fixed at APS USD 8k + BB USD 200k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 9k for large Supra" it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 26 October 12
DRY BULK MARKET FALLS ON WORRIES THAT RECENT RALLY WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market retreated yesterday as a result of a plunge of the Capesize dry bulk carriers' segment, after their latest rally. As a result, ...
Tuesday, 23 October 12
INDONESIA SETS DMO FOR NEXT YEAR
COALspot.com - The Indonesian government has declared the quantity of coal to be supplied to domestic market in 2013 recently under DMO regulation. ...
Sunday, 21 October 12
BUMA HAS PRODUCED 25.0 MILLION TONS OF COAL YEAR TO DATE
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 33.2 million bcm* (+5.5% YoY) of Overburden in September 2012 totaled while coal produc ...
Saturday, 20 October 12
SUPRAMAX FREIGHT EXPECTED TO BE FLAT - VISTAAR
COALspot.com - The shipping market continued to be quite active with quite lot of cargoes fixed for in the cape and panamax sector.
The BDI was ...
Thursday, 18 October 12
INDO-INDIA, LARGE ECO SUPRA FIXED AT USD 11000 - FEARNLEYS AS
Handy
Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Cont to East Med were around USD 14k and Black Sea ...
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- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
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